The Ohio Bureau of Workers’ Compensation Board approved a proposal to give $1 billion in rebates to employers throughout the state.
The payouts will be distributed to more than 210,000 private and public employers in a lump sum payment, minus any previous premium payments owed, starting in late June, said Bill Teets, the workers compensation board spokesman.
Public employers in Butler and Warren counties will receive an estimated $4.25 million, according to BWC data.
Board members said the rebate would inject $1 billion directly into Ohio’s economy, and would be leveraged to increase employee safety programs.
Ohio employers who pay premiums to the state insurance fund will receive a rebate equivalent to 56 percent of their bill for the last policy period.
Statewide, the lion’s share of the payouts for public employers will go to schools, $42.5 million. Estimates for cities total $37.1 million and counties are expected to receive about $$16.5 million.
“This rebate is possible largely because of the excellent results we’ve gotten on our investments,” said Nicholas Zuk, the BWC Board of Directors chairman.
In the region, public employers in Butler County are expected to receive the largest rebate — an estimated $2.9 million total for 41 entities. Thirty-nine public employers in Warren County will receive an estimated total of $1.3 million.
Butler County would receive the largest rebate at $444,950 and the village of College Corner is at the low end with a rebate of $60.
In Warren County, the city of Mason would reap $192,490 and the village of Butlerville would take home $40. Some governmental entities, such as Warren County, are self-insured and, therefore, not entitled to any money.
After Butler County, the city of Hamilton could expect the largest refund at $283,290 and Hamilton schools are penciled in for $270,600. Middletown schools could see $188,810 and the city $163,400. Fairfield also would get a sizable rebate of $276,230.
Hamilton City Manager Joshua Smith has said any refund will be used to reduce the city’s projected $2.5 million to $2.7 million budget deficit. Butler County officials indicated they may also use the money to retire debt.
Middletown City Manager Judy Gilleland said in the past rebates have typically gone back into the workers comp fund for pay out at a future date.
By Denise G. Callahan - Hamilton JournalNews, Ohio (MCT)
©2013 the Hamilton JournalNews (Hamilton, Ohio)
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